INTERSTATE HY 35 78753
| Owner | AUSTIN TR ASSOCIATES LLC |
|---|---|
| Parcel ID | 0260230111 |
| Short ID | 968114 |
| Type | Real |
| Use Code | 90 Theater |
| Valuation | Income |
| Improvement SF | 54,570 SF |
| Land SF | 577,914 SF |
| Acres | 13.267 |
| Year Built | 2019 |
| Legal | TECH RIDGE 5A SUBD RSB AMD LTS 1-3 BLK A RSB BLK A LOT 1B |
| Neighborhood | PFL/FNE |
| Land | $11,558,280 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,558,280 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $10,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,000,000 |
| Taxable Value | $10,000,000 |
|---|
Appreciation: Market value has risen +35.1% from $7,400,000 (2024) to $10,000,000 (2025), a CAGR of 35.1% over 1 year. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide fell -1.5%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.2282% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $222,818. Pflugerville ISD is the largest single contributor, at 49.7% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 116% of market value ($11,558,280 land vs $0 improvements), about $20/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $10,000,000, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +35.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $45,065,210 by 2030, with an estimated annual tax burden around $849,341. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 175,000 SF | ✗ |
| 1ST | 1st Floor | 54,570 SF | ✓ |
| 611 | TERRACE | 23,123 SF | ✗ |
| 501 | CANOPY | 862 SF | ✗ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $110,690.00 | $110,690.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $52,401.70 | $52,401.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $37,584.50 | $37,584.50 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,802.30 | $11,802.30 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,340.00 | $10,340.00 | Paid |
| Combined Rate | 2.5030% | 2.2429% | 2.0589% | 2.1382% | 2.2282% | +0.0900% | $222,818.50 | $222,818.50 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $10,350,000 | $10,000,000 | +3.5% |
| Assessed Value | $10,350,000 | $10,000,000 | +3.5% |
| Land Value | $6,068,097 | $11,558,280 | -47.5% |
| Improvement Value | $4,281,903 | — | — |
| Taxable Value | $10,350,000 | $10,000,000 | +3.5% |
| Total Tax 2026 = estimate |
~$230,617
Estimated
|
~$222,818
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $14,739,805 | $10,350,000 | -4,389,805 (-29.8%) |
| Taxable Value | $14,739,805 | $10,350,000 | -4,389,805 (-29.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $10,350,000 | $6,068,097 | $4,281,903 | — | $10,350,000 | $10,350,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $10,000,000 | $11,558,280 | — | — | $10,000,000 | $10,000,000 | ~$222,818 | Partial |
| 2024 | $7,400,000 | — | — | — | $10,000,000 ! | $— | $213,821 | Verified |
| 2023 | $— | — | — | — | $6,934,968 | $— | $152,362 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +47.4% | +47.4% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +35.1% | +35.1% | ~100% | 2.1400% | Verified |
| 2023 | base year | — | ~100% | 2.0600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +35.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.5% | +19.3% | +34.2% | +35.1% | 2025 | +3.5% | 2026 |
| Assessment Ratio | 100.0% | 111.7% | — | 135.1% | 2024 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 2.2300% | 2.2300% | — | 2.2300% | 2025 | 2.2300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$222,818 | $218,320 | ~$534,680 | $222,818 | 2025 | $213,821 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$13,513,514 | ~$13,513,514 | ~2.1595% | ~$291,823 | +35.1% |
| 2027 | ~$18,261,505 | ~$18,261,505 | ~2.0908% | ~$381,809 | +82.6% |
| 2028 | ~$24,677,709 | ~$24,677,709 | ~2.0221% | ~$499,005 | +146.8% |
| 2029 | ~$33,348,256 | ~$33,348,256 | ~1.9534% | ~$651,422 | +233.5% |
| 2030 | ~$45,065,210 | ~$45,065,210 | ~1.8847% | ~$849,341 | +350.7% |
| 2026 | ~$13,313,514 | ~$13,313,514 | ~2.2282% | ~$296,650 | +33.1% |
| 2027 | ~$17,724,964 | ~$17,724,964 | ~2.2282% | ~$394,945 | +77.2% |
| 2028 | ~$23,598,155 | ~$23,598,155 | ~2.2282% | ~$525,811 | +136.0% |
| 2029 | ~$31,417,436 | ~$31,417,436 | ~2.2282% | ~$700,039 | +214.2% |
| 2030 | ~$41,827,645 | ~$41,827,645 | ~2.2282% | ~$931,997 | +318.3% |
| 2026 | ~$13,713,514 | ~$13,713,514 | ~2.1251% | ~$291,431 | +37.1% |
| 2027 | ~$18,806,045 | ~$18,806,045 | ~2.0221% | ~$380,275 | +88.1% |
| 2028 | ~$25,789,696 | ~$25,789,696 | ~1.9190% | ~$494,915 | +157.9% |
| 2029 | ~$35,366,734 | ~$35,366,734 | ~1.8160% | ~$642,258 | +253.7% |
| 2030 | ~$48,500,218 | ~$48,500,218 | ~1.7129% | ~$830,783 | +385.0% |
In 2025, this property's market value of $10,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 7× the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $10,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $7,400,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | — | $667,828 | $1,414,358 | $3,374,900 | — | +9.7% |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.